A factor that turned out to be a weakness of the classical theory of growth is its
A) emphasis on saving and investment.
B) assumption that the growth rate of the population increases when income increases.
C) reliance on constant growth in technology.
D) neglect of the subsistence real wage.
Correct Answer:
Verified
Q272: Economic growth tends to be higher in
Q273: A country would achieve faster growth by
A)
Q274: According to empirical evidence
A) providing international aid
Q275: Which of the following statements is CORRECT?
I.
Q276: One policy that would increase the saving
Q278: An assumption of the neoclassical theory of
Q279: All of the following lead to more
Q280: Several factors are important for achieving faster
Q281: A key assumption of new growth theory
Q282: The table below shows data for China.
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